1. Autozone repurchased about 39% of its shares from 2007 to 2011 which, given constant earnings, wouldve resulted in an increase of a little more than 60% in the Earnings per share.

Group of answer choices

False

True

2. Autozone made enough profit to pay off its debt and repurchase shares every year from 2007 to 2011.

Group of answer choices

False

True

3. Where do share repurchases show up on the balance sheet?

Group of answer choices

Liabilities

Assets

Equity

Contra-equity